05/02/2018 05:58 AST

Ajman Bank said on Sunday that its board had approved a 3.5 per cent cash dividend.

Ajman Bank reported a net profit of Dh132.61 million, up 5.63 per cent compared to Dh125.54 million in 2016.

While the bank made significant savings in staff costs, which supported the full-year profits, impairment charges shot up 47.7 per cent to Dh195 million in 2017, compared to Dh132 million, impacting profit growth.


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